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Repost - Oxide Copper: Canyon Copper's Route to Near-Term Low Cap-Ex Production

Wednesday, April 04, 2012 3:13 PM

SOURCE: VantageWire.com - When looking for high-grade copper deposits around the world, there are many in unstable regions that are probably less appealing to work in than others. For Canyon Copper Corp. (TSX-V: CNC) (OTCBB: CNYC), the prospect of two potential near-term production oxide copper projects in California and Nevada could soon become a reality. And with increasingly positive sentiments coming from each of the local governments presiding over the target locations, it appears that the company is poised to operate in friendly territory, with the prospect of low cap-ex production coming from its identified oxide copper deposits.With two major projects in the works, the Moonlight Property (California) and the New York Canyon Property (Nevada), Canyon Copper is building out their resources based on respectable grades within near-surface oxide sections that provide near-term production potential, along with bigger sulphide targets underneath to look to for the future.

An operation of the size that Canyon Copper is proposing would require between 250-350 employees, and would more than likely add a multiplier effect to the community in the form of service jobs that could be 7-10 times that of the mining operation.

http://www.istockanalyst.com/business/news/5766747/oxide-copper-canyon-copper-s-route-to-near-term-low-cap-ex-production